Tesla tests Wall Street's patience as AI spending overshadows growth
And the street is largely Sarah saying have some patience here. We knew they would be spending a lot of money and that's what you hear from the analysts today. Yes, the results are not there yet, but they believe that they ultimately are on track to be there for Tesla.We'll start first off with Morgan Stanley putting out a note saying, "We view Tesla's accelerating capex cycle as a necessary investment to secure leadership in autonomy and robotics." JP Morgan out with a similar theme. Lower estimates on lar ...